The following schedule shows the Current Assets section of Water Source Company for the years ended December 31, 20Y8, and December 31, 20Y9: Water Source Company Comparative Schedule of Current Assets December 31, 20Y9 and 20Y8 Dec. 31, 20Y9 Dec. 31, 20Y8 Cash $ 86,500 $ 79,000 Temporary investments 10,200 8,700 Accounts receivable (net) 122,500 103,600 Total current assets $219,200 $191,300.

Compute the percentage change in total current assets using the horizontal analysis method. (Round the answer to one decimal place.)  

Answer rating: 100% (QA)

Okay lets solve this using the horizontal analysis method Total current assets in 20Y9 219200 ... View the full answer